A couple of items of note.:

Pipeline from Iraq to Turkey has been sabotaged,happens quite often and was  expected to be down for a few days.This has changed  as  talk now that it could be down a minimum of 2 weeks. This pipeline  which runs from the Kurdish region of Iraq to Turkish port of Ceyhan carries 600k barrels of Oil a day.the oil terminal at the port will likely be out of Oil this weekend.This Is a Big Deal!!

Not such a big deal A pipeline that carries oil in Nigeria  was sabotaged and transportation of 200k barrels a day will be affected.

Outside of OPEC rhetoric  this is actually evidence of less oil in the market.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.